Banks Lift Prime Rate to 20 Percent Across NYC
In New York the Chase Manhattan Bank and other large banks raised their prime lending rate to 20 percent, matching last spring’s peak as the Fed tightens credit to curb inflation. Henry Kaufman of Salomon Brothers warned the rate could reach 25 percent within a year.
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Chase Manhattan Bank
Chase
Federal Reserve Board
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Henry Kaufman
Salomon Brothers
Nobel Peace Prize awarded to Adolfo Perez Esquivel in Oslo
Adolfo Perez Esquivel of Argentina received the 1980 Nobel Peace Prize in Oslo with praise for non violence in human rights work. The ceremony was led by Prof. John Sanness, who called him an example for those striving for social and political liberty. The prize included $201,000, the Nobel medal and diploma as hundreds attended with King Olav present.
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Adolfo Perez Esquivel
Argentina
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Nobel Committee
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Lennon slayer Chapman held for psychiatric observation after killing
Mark David Chapman, accused of fatally shooting John Lennon, was sent to Bellevue Hospital for psychiatric evaluation after entering no plea to second degree murder in Manhattan Criminal Court. Police noted Chapman had warned of death by own action, had borrowed money to come to New York, and paid for a Hawaii purchase of a revolver. Fans mourned worldwide as Lennon’s widow Yoko Ono planned a public vigil and others recalled Lennon's safety in New York prior to the attack.
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Elliot M. Gross
Wife recalls night her husband was shot
In Cimarron Patty Watson testified against Richard Salem in the murder trial of her former boyfriend. She described Salem breaking into her home at about 4:30 a.m. on August 6, threatening her, ordering Alan Watson to sit, binding him, and coordinating with Rudolph Barron in plans that included rape. Watson died a week later from a gunshot wound.
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Wichita
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North Water Tower
Donna Grasser
Sheriff's Department
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US planes deploy to monitor Polish crisis from Germany
Four advanced radar aircraft were sent to West Germany to bolster monitoring of Soviet movements amid the Polish crisis. The first landed at Ramstein Air Base around 9 a.m. EST with two more arriving later and the fourth expected Thursday. The move is described as defensive and precautionary, linked directly to Poland. The Boston Globe also reports plans to impose economic and political sanctions if Warsaw intervenes, with withholding trade and credits as key tools. State Department officials have met European capitals biweekly since September to align contingency plans.
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